BMO Equal Weight Utilities Index ETF (TSE:ZUT) Shares Cross Below 200 Day Moving Average – Here’s Why

BMO Equal Weight Utilities Index ETF (TSE:ZUT) shares passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$28.51 and traded as low as C$28.46. BMO Equal Weight Utilities Index ETF shares last traded at C$28.50, with a volume of 53,711 shares changing hands.

BMO Equal Weight Utilities Index ETF Stock Down 0.1%

The company’s 50 day simple moving average is C$28.27 and its 200 day simple moving average is C$28.51.

BMO Equal Weight Utilities Index ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were given a $0.0660 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.8%.

About BMO Equal Weight Utilities Index ETF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight utilities companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Utilities Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.